Surbhi deposited rupees 7,500 in a finance company which pays 15% per annum find the amount Surabhi is expected to get after 5 integer 3 upon 4 years
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deposited money = ₹7500
rate of interest = 15%
time = 5 3/4yr = 23 / 4 yr
simple Interest = p × r × t / 100
s.i = (7500 × 15 × 23/ 4 )/ 100
= 7500× 15 × 23/ 400
= ₹6468.75
amount = principal + simple interest
amount = 7500 + 6468.75
= ₹13968.75
Answer: required amount = ₹13968.75
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